Over the last year, property investments in Manifold Heights, 3218 have given investors a capital gain of 4.14%. This compares favourably with the -1.79% for VIC as a whole.
The five-year average increase in median property values for Manifold Heights,3218 has given property investors a potential capital gain of 41.75% across each of those five years.
Manifold Heights, 3218 is offering VIC ‘s 460th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.
Manifold Heights is in the TOP 20% in VIC when comparing median price capital growth over the last year. Manifold Heights gave property investors a very good capital gain figure when compared to the rest of the state, with 8.45%.
A 17.56% growth in median value for property investors in Manifold Heights,3218 puts this suburb at number 313th in terms of best performing suburbs in VIC
Manifold Heights3218 is located in VIC which offers an average discount of -6.31% to property investors. Manifold Heights itself is showing figures that indicate -5.80% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $300 mark per week – giving a return of 4.44% based on the median price in Suburb
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Metro suburb soars to new heights
Median house price: $583,050
Three-year growth: 14.32%
Rental yield: 3.17%
Less than 5km west of Geelong City is the suburb of Manifold Heights. Primarily a residential area, it nonetheless has many fans driving its strong growth in recent years.
Manifold Heights recorded almost 23% growth in the past 12 months, with average annual growth coming in at 7.4%. This is indicative of its potential value in the long term should the trend keep up. For 2017, the suburb is off to a strong start – in the January quarter, prices continued to increase by almost 10%. Manifold Heights’s rising profile also benefits sellers, who have homes snapped up at an average discount rate of just 3.8%.
One of the suburb’s top drawing cards is its proximity to the Geelong CBD, which is itself a central CBD in regional Victoria. The city provides considerable employment opportunities in the medical and education industries, and is also home to many entertainment venues. Thus, residents are within easy reach of whatever they need.